PayIt announces $100M+ funding round from single investor
March 28, 2019 | Austin Barnes
Simplifying government services through tech just got easier for Kansas City-based startup PayIt. All thanks to a funding round of more than $100 million, the company announced Thursday.
UPDATED: ‘Transformative’ $100M+ investment for PayIt means KC GovTech startup will boost hiring
PayIt — named one of Startland’s 10 Kansas City Startups to Watch in 2018 — received the funding from a single investor, New York City-based, Insight Partners, Techcrunch reported.
The startup — which had previously raised $11 million — will use the money to expand its services into various government sectors and international markets, the digital tech magazine said.
Specializing in govtech/fintech applications that better connect government to its constituents, PayIt made news in 2018 thanks to major partnerships with the State of Kansas and the Unified Government of Kansas City, Kansas. But the biggest boast comes in terms of the startup’s headcount, PayIt CEO and co-founder John Thomson said.
Click here to read more about how PayIt is helping Kansas drivers skip the line at the DMV.
The company grew to 55 employees in 2018 from just under 30, Thomson detailed.
Startland will have more on this story as it develops.
Featured Business
2019 Startups to Watch
stats here
Related Posts on Startland News
After KCPS pilot, $2.2B Sprint project plans to close the U.S. homework gap
More than 20 million U.S. households do not have an internet connection, according to the PEW Research Center. Pairing that with the fact that schoolwork is more frequently requiring internet access, millions of students around the nation are severely limited in their learning. In Kansas City, the story is no different — hundreds of households remain…
Profit and purpose: Innovators share 5 social entrepreneurship lessons
It’s been said that the best things in life are free. But what social entrepreneurs know well, is that it’s not that simple — nearly everything in life comes at a cost, including the positive impact they’re trying to make. And at Thursday’s Conquer for Good conference, a variety of innovators shared how they’re working…
KC tech innovators deliver mindset and personal development advice
For many, starting a business may sound like the dream — being your own boss, making your own rules and devising your own schedule. But the reality is that the entrepreneurial life isn’t all sunshine and roses. Like most good things in life, it comes with risk and challenges. And on Wednesday a panel of…
Darcy Howe’s hustle grows, guides KCRise Fund in first year
Kansas City may not realize its good fortune with the tenacious manager of a relatively new fund that’s investing in early-stage firms. Self-described as a builder that’s competitive and impatient, Darcy Howe is weaving her years of determined leadership into the KCRise Fund, which just wrapped up its first year with $14 million in the…